For a number of reasons equities are at important point of decision here. Any lower and equities will most likely fall significantly further, but if they reverse here we should see a retest of the recent highs and possibly a lot more than that.
On ES I posted a decent declining resistance trendline from the high on Friday. ES was showing some positive RSI divergence at the close on Friday and then gapped above that declining resistance trendline at the Globex open. Since then ES has been retesting broken resistance and the 1410 level of the penultimate low last week. There is a possible downsloping IHS forming with a target in the 1427 area on a break over 1415.5, and while 1410 ES holds this is an unambiguously short term bullish looking setup:
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